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[QUOTE]Originally posted by Gilbert B Norman: [QB] "We got the loot" [URL=https://www.miamiherald.com/news/business/article229459199.html]Miami Herald[/URL] Fair Use: [i][list] [*]Morgan Stanley was the underwriter for the transaction, which was purchased by 67 different investors, the company said. The sale of the tax-free private activity bonds, which was authorized earlier this month by the Florida Development Finance Corp., represents one of the largest such transactions recorded. The FDFC says taxpayers would not be on the hook if the company were to default.[/i] [/list] Ridership UP First Quarter [URL=https://www.miamiherald.com/news/business/article229588229.html]Miami Herald[/URL] Fair Use: [i][list] [*]Ridership on Virgin’s express train may finally be on track to meet its aggressive targets. Formerly known as Brightline, the company reported late Friday that March ridership had increased 17 percent over February’s to 91,903 passengers, with revenue increasing 21 percent. The company is aiming for more than 2 million passengers and revenues of $55.8 million for 2019. So far this year, it has carried approximately 244,000 passengers, grossing $5.9 million. Last year, it carried 580,000 passengers, grossing about $10 million in revenues.[/i] [/list] I completely remain astounded by this whole initiative. While I have now had three enjoyable joyrides to date, never in my over sixty five years of following railroad industry affairs, have I been so mistaken about the outcome of anything within such. I knew Amtrak was a "con job" business plan right from A-Day, and while I did at first think Conrail was a "con game", I realized "they're gonna make it" once they were able to emiciate the ERIE and LV and still retain its traffic and sell the DL&W and CNJ to the State for its NJTransit lines. But I can only acknowledge so far as Brightline, how mistaken I have been. [/QB][/QUOTE]
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